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915 Marine Street

Santa Monica, CA 90405
  • $2,350,000
  • STATUS: Active Under Contract
  • ON SITE: 105 Days
  • ID#: EV24044370
Under Contract
UPDATED: 101 min ago
$2,350,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Listing Agent(s): Jeffrey Gray of CONROY COMMERCIAL INC. (310-275-3233)


Description

MAJOR PRICE REDUCTION! PRICED TO SELL. Situated on a serene, tree-lined street just east of Lincoln Blvd, this meticulously maintained 4plex boasts an enviable location. With an impressive Walk Score of 86 and a Bike Score of 96, residents enjoy easy access to a plethora of dining spots, bars, grocery stores, and cafes, making it an ideal locale for pedestrians and cyclists alike. A mere stone's throw away lies a convenient Whole Foods market, while the renowned Abbot Kinney is within close reach. Adding to its allure, the property features 8 tandem parking spots at the rear, accessible via the alley. Each unit is equipped with modern appliances and in-unit washer and dryers, enhancing the comfort and convenience for tenants. Don't miss out on this exceptional opportunity to acquire a prime asset in one of the most sought-after cities on the West Coast, where rental values have consistently appreciated.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-18T00:33:16.533. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/148266010
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915 Marine Street Santa Monica, CA 90405

  • Price: $2,350,000
  • Status: Active Under Contract
  • On Site: 105 Days
  • Updated: 101 min ago
  • ID#: EV24044370
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1963
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
Property Description
MAJOR PRICE REDUCTION! PRICED TO SELL. Situated on a serene, tree-lined street just east of Lincoln Blvd, this meticulously maintained 4plex boasts an enviable location. With an impressive Walk Score of 86 and a Bike Score of 96, residents enjoy easy access to a plethora of dining spots, bars, grocery stores, and cafes, making it an ideal locale for pedestrians and cyclists alike. A mere stone's throw away lies a convenient Whole Foods market, while the renowned Abbot Kinney is within close reach. Adding to its allure, the property features 8 tandem parking spots at the rear, accessible via the alley. Each unit is equipped with modern appliances and in-unit washer and dryers, enhancing the comfort and convenience for tenants. Don't miss out on this exceptional opportunity to acquire a prime asset in one of the most sought-after cities on the West Coast, where rental values have consistently appreciated.
Exterior Features

Entry Level 1 Entry Location Ground Lot Features 21-25 Units/Acre Number Of Separate Electric Meters 4 Open Parking Spaces 8 Parking Features Assigned Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Appliances DishwasherDisposalGas OvenGas RangeRefrigeratorRange HoodDryerWasher Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring VinylWood Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(s)

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.21 Common Interest None Community Features BikingStreet LightsUrban Electric Electricity - On Property220 Volts Electric Expense 52 Fuel Expense 855 Garage YN No Gross Income 162000 Gross Scheduled Income 162000 Insurance Expense 6875 Land Lease YN No Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 5000 Net Operating Income 107095 New Construction YN No New Taxes Expense 31469 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Number Of Units Leased 4 Operating Expense 54905 Possession Close Of Escrow Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 1350 Tenant Pays Cable TVElectricityGasTelephone Total Actual Rent 13500 Trash Expense 1823 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Sewer Expense 1000 Water Source Public Zoning SMR2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-18T00:33:16.533. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
8577 Haven Ave, Suite 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Jeffrey Gray of CONROY COMMERCIAL INC. (310-275-3233)